40% Jump in Demand for Hybrids in 2007?

There’s no denying that 2006 was a great year for hybrid car sales. Thanks to a huge jump in popularity thanks to a steep increase in the price of gasoline as well as more and more people becoming environmentally conscious, hybrid car sales were up nearly 33% in 2006 from 2005’s sales figures.

From the looks of it, 2007 is going to be even better.

According to a Reuters article from January 24, Toyota says it is aiming to sell over 430,000 hybrid vehicles in 2007, nearly a 40% jump from its 312,500 hybrids sold during 2006.

Currently, Toyota has the world’s best selling hybrid vehicle in the Toyota Prius.  In addition to the Prius, Toyota also has the following hybrid vehicles: Camry Hybrid, Highlander Hybrid, as well as the Lexus GS 450 Hybrid and the Lexus RS 400 Hybrid.  When it’s all said and done, Toyota might have the best hybrid vehicle sales simply because it has the most hybrid models available!

With the instability of gas prices (many analysts are predicting $5 gas by the end of the decade), President Bush’s remarks during the State of the Union regarding Americans reducing gas consumption 20% by 2017 and more and more people becoming environmentally aware, it certainly looks like hybrid car sales will continue to grow by leaps and bounds for the foreseeable future.

And considering hybrid technologies are going to continue to advance, it might not be long before the best selling car in America is a hybrid that gets 80 or 90 miles per gallon.  While the idea may be a bit premature, I certainly don’t think it’s out of the question.

Comments

  1. great article .. thank you very much.

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